Education is a very important tool towards not only the financial stability of an individual, but also the economic security of a nation. Through education, individuals acquire life skills that help them to be innovative and work with common life challenges. In return, this boosts their economic growth. If one receives the right education and is exposed to practical skills, they can overcome challenges along the way. To consider the skills learned through a school, one should be aware of the level of education that is offered in public and private institutions. This discussion will compare the two and arrive at a conclusion as it cites advantages, disadvantages, challenges, and the impact both systems have in the quality of education that they offer.
Difficult choice between Public and Private Education
Students attend school to acquire skills and good credentials, which are both required for a good life. Despite being able to turn to proofreading services, each student must have a solid knowledge base to truly succeed. However, because of the type of school students attend (public or private), there have been differences in the quality of education they receive (Kennedy par 4). Because of this, people have different perspectives in the way they approach issues, creating a gap in the economic lives of people who acquired the same course but from different institutional set-ups. Most of this is brought up by the system of governance private schools and public schools use. The accessibility of education depends on both the system and quality of the education offered. Public schools rely heavily on bureaucracy, keeping the students from fully utilizing the amenities in the school. On the other hand, students in private schools can fully reach their potential as they can access all the areas. Because of the information they gain, the students have an upper hand to fully explore their economic potential.
Education as the foundation of the economic stability of the state.
Quality education is the bottom line towards economic growth–the ability of an individual is completely brought to the surface, so they can use it practically. The environment created by the institution counts strongly (Boyes and Melvin, 83). This environment should clearly communicate a common goal. If one of the systems drags its feet, all components face consequences, which are shown through the disbursement of skills taught in school. Consequently, this affects the economy of the individual and the nation at large. Discipline is one of the paramount virtues in acquiring knowledge and skills. This is a two-way process, where the administration should keep strict rules and regulations. They should also follow them to the letter, so both staff and students adhere to them to meet the common objective. More democracy may ruin the education system, thus impacting the final product of the education system. Because of this, checks and balances should be maintained in any institution.
Compared to public schools that get their national budget share yearly, private schools are liable to produce more theoretical students than practical students. Students may face a number of challenges, including resorting to help with thesis formatting. To grow economically, practical knowledge is required more than theory. Thus, if any system does not balance both, it produces half-baked students who are fiercely challenged in the field.
Facilities of educational institutions
Facilities in any institution dictate their quality of education. These facilities are typically expensive. Because of this, both private and public institutions should have regular, sufficient funding to provide quality education.
The facilities help the students get the real picture of what happens in their field of study. They should help them become competitive in the outside world, consequently becoming more productive and economically stronger.
Private schools are business based (Tucker, 92). Therefore, they need to strike a balance between acquiring such facilities and making profit. In addition, they lack sufficient funds to acquire tools and equipment that are important for providing quality education.
Training pricing
The cost of education in the private schools is steep, preventing most people from accessing the education there. Inaccessibility of education to many people can affect not only the individual’s economy, but also the whole country. On the contrary, the government funds public school education in most countries, thus allowing them to be cheaper than private schools. This makes them more accessible and reliable (Chen par 6).
Thus, imparting knowledge to many people allows them to meet and share ideas, encouraging creativity. The creativity gained in the school helps build the economy from the individual level to the global scale.
The system of education should strike a balance when imparting knowledge. In this balance, the most important thing they should consider is the quality of education they are giving the people. For example, they should conduct intensive research to help them know what is required in the ground. Also, the system of governance should not hinder accessibility to important facilities. Finally, the system should avoid bureaucracy, so students can receive quality education.
However, the students need to be involved as well. For example, they should take initiative to make the system work appropriately by implementing the rules and regulations in place. They innovate and try to solve real-world problems by using the skills learned in school. This will help the microeconomy grow.
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